Nayax and Telit to Expand Cashless Payment Services into Hundreds of Vending Machines in Scandinavia

With thousands of cellular connected cashless vending machines in use throughout Europe, the US and Africa, installations now to accelerate in Scandinavia.

Telit Wireless Solutions, a leading global provider of high-quality machine-to-machine (M2M) modules and value-added services, today announced that its M2M cellular modules used by Nayax, a world leader in cashless and telemetry systems, are to enable cashless services for vending machines operated in Scandinavia by Selecta Nordic.

Nayax’s Nayaxvend Cashless Payment solution, which integrates Telit’s GC-864 Quad V2 compact module, provides vending machine operators with wireless cashless payment services. As a solution installed in each vending machine, Nayaxvend is compatible with all forms of credit, debit, prepaid and postpaid cards, and can be used in contact, swipe and contactless transactions. The Nayaxvend Cashless Payment solution provides a wide array of alerts and notifications that can be sent by SMS or email.

Selecta Nordic operates vending machines in Sweden, Norway, Denmark and Finland. The combined Nayaxvend-Telit solution has already been installed in 200 vending machines in Scandinavia, with additional machines slated to be equipped with it in the coming months.

“The cashless payment system eliminates sales barriers, such as the lack of coins and change, and provides us with better control of the vending machines.”

The Telit GC864 product family is one of the smallest GSM/GPRS quad-band modules with industrial connectors on the market. With its ultra-compact design and extended temperature range, the GC864-QUAD V2 is the perfect platform for medium-volume M2M applications and mobile data devices. Additional features, such as an integrated TCP/IP protocol stack and a serial multiplexer, provide extended application functionality at no additional cost.

Nayax Card Reader and M2M Control Device“The installation of Nayaxvend with Telit’s modules in Selecta Nordic’s vending machines is another example of how M2M communications can help people make better use of machines in public places, while also bringing business benefits to equipment operators,” said Dominikus Hierl, CMO at Telit.
“This latest vertical M2M application proves once again the societal benefits of having real-time information delivered wirelessly to decision-makers, providing them comprehensive understanding of specific situations so they can productively move forward with confidence.”

“We chose Telit’s modules due to their very high performance and reliability, enabling us to provide our customers with best-in-class solutions at the forefront of technology,” said Yair Nechmad, Nayax’s founder. “By applying our high data security standards, we assure the strongest protection for the data transferred from the vending machine.”

According to Nayax, the US vending machines market comprises 5 million machines with annual sales totalling $22 billion. The number of vending machines in Europe is 4 million, generating annual sales of $10 billion.

Nayax solutions have been installed in thousands of vending machines scattered throughout Europe, the US, UK, Africa and Scandinavia.

As the industry’s only technology company dedicated solely to M2M, with its wireless module technology and newly launched value-added services, Telit enables solution providers to easily create and manage their M2M applications reducing total-cost-of–ownership (TCO) necessary to operate and support user-applications while ensuring highest quality and reliability.

About Nayax
Founded in 2005, Nayax is a leading global provider of wireless cashless and telemetry solutions for the vending machines industry, including clearing for micro-transactions payments, monitoring and alerts for vending machine operators. Nayax-secured technology is PCI-DSS certified and enables handling millions of micro transactions a month. Data is transferred to Nayaxvend central servers, which provide a centralized processing platform, located in the US and Europe. Nayax solutions have been installed in thousands of vending machines scattered throughout Europe, the US, UK, Africa, and Scandinavia. For more information about Nayax visit www.nayax.com

About Selecta Nordic
Selecta is the European and Nordic market leading vending company within food and drinks for workplaces and on-the-go environment. Selecta is represented in all Nordic countries and 24 countries altogether in Europe. In the Nordic Selecta is present all over the markets from more than 40 cities with approximately 700 employees. Selecta offers its clients and consumers service solutions for coffee-, snack and cold drink machines along with accessories and products. Learn more at www.selecta.com

About Telit
Telit Wireless Solutions is a brand of Telit Communications PLC (AIM: TCM), an enabler of machine-to-machine (M2M) communications worldwide providing wireless module technology, M2M managed services and value added services, including connectivity. Exclusively dedicated to M2M with more than 12 years of experience in the market, the company constantly enhances its technology leadership with six R&D centers across the globe. Telit offers an extensive portfolio of the highest quality cellular, short-range RF, and GNSS modules, available in over 80 countries. By supplying scalable products that are interchangeable across families, technologies and generations, Telit is able to keep development costs low and protect customers’ design investments. In addition, Telit is the only module provider in the market today to offer a value added services bundle including connectivity dedicated to simplifying the deployment of M2M applications. Further information on these services can be found at www.m2mAIR.com